- (S.R. 2016, NO. 99) TABLE OF PROVISIONS Long Title PART 1 - Preliminary 1. Short title 2. Commencement 3. Interpretation 4. Records to be in English PART 2 - Trust Account Records Division 1 - Preliminary 5. Trust account records to be kept 6. Supervision of trust accounts 7. Offence Division 2 - Trust money 8. Control of trust money Division 3 - Trust account receipts 9. Trust account receipts to be issued 10. Form of trust account receipt Division 4 - Trust account deposit records 11. Record of trust account deposit to be kept Division 5 - Trust account payments 12. Trust account payments 13. Trust account cheques 14. Payments by electronic funds transfer Division 6 - Trust account cash book 15. Trust account cash books 16. Receipt records in trust account cash books 17. Payment records in trust account cash books Division 7 - Trust account journals 18. Trust account general journal Division 8 - Trust account ledgers 19. Trust account ledgers 20. Ledger accounts Division 9 - Reconciliations 21. Monthly reconciliations Division 10 - Schedule of invested trust money 22. Schedule of invested trust money Division 11 - Preparation and keeping of trust account records 23. Where trust account records are to be kept 24. Records may be prepared and stored electronically Division 12 - Retention and disposal of trust account records 25. Retention and disposal of trust account records 26. Disposal of records where property agent no longer carrying on business Division 13 - Miscellaneous 27. Notice of trust account 28. Trust account reports PART 3 - Investing Trust Money 29. Investment of trust money PART 4 - Audit and Inspection Division 1 - Audits 30. Interpretation 31. Trust account records to be audited 32. Exemptions 33. Conduct of audits 34. Completion of audits 35. Audit report 36. Irregularity report by auditor 37. Audit report to be given to Board Division 2 - Inspections 38. Interpretation 39. Authorised officers 40. Inspection of records PART 5 - Property Agents Trust 41. Accounts and reports PART 6 - Miscellaneous 42. Qualifications 43. Obligation of partners 44. Exemption from application of Act 45. Fees 46. Code of Conduct SCHEDULE 1 SCHEDULE 2[ Note: This table has been automatically generated and may be incomplete. ]